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Trusts

Financial Markets Authority formally warns online investing platform Sharesies for failing to have sufficient anti-money laundering procedures, policies, and controls in place
23rd Aug 21, 11:07am
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Financial Markets Authority formally warns online investing platform Sharesies for failing to have sufficient anti-money laundering procedures, policies, and controls in place
TSB and the RBNZ reach agreement in precedent-setting court case, proposing TSB pays $3.85 million for breaching anti-money laundering law
22nd Jul 21, 1:52pm
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TSB and the RBNZ reach agreement in precedent-setting court case, proposing TSB pays $3.85 million for breaching anti-money laundering law
RBNZ and TSB in the High Court seeking confirmation TSB has breached the AML/CFT Act, and thus how much it should cough up in penalties
22nd Jul 21, 10:29am
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RBNZ and TSB in the High Court seeking confirmation TSB has breached the AML/CFT Act, and thus how much it should cough up in penalties
An Enduring Power of Attorney is a legal document appointing an attorney to act on your behalf if you cannot or do not wish to. Unlike a Will, an EPA operates while you are alive
19th Jul 21, 10:36am
by Guest
4
An Enduring Power of Attorney is a legal document appointing an attorney to act on your behalf if you cannot or do not wish to. Unlike a Will, an EPA operates while you are alive
Revenue Minister David Parker says demands for tax cuts aren't as 'realistic or responsible' as they might've been pre-COVID
11th Jun 21, 1:40pm
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Revenue Minister David Parker says demands for tax cuts aren't as 'realistic or responsible' as they might've been pre-COVID
Trusts lawyer Tammy McLeod says the new Trusts Act has been focusing minds on updating trusts, even reviewing whether they are still needed. And the brightline test changes adds another key consideration
2nd Jun 21, 11:16am
by Guest
Trusts lawyer Tammy McLeod says the new Trusts Act has been focusing minds on updating trusts, even reviewing whether they are still needed. And the brightline test changes adds another key consideration
Foreign buyers purchased 714 New Zealand homes in the year to March and sold 1473 over the same period
4th May 21, 12:09pm
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Foreign buyers purchased 714 New Zealand homes in the year to March and sold 1473 over the same period
Financial Action Task Force's anti-money laundering review of NZ highlights the openness to abuse of trusts and company nominee director & shareholder arrangements
29th Apr 21, 7:30pm
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Financial Action Task Force's anti-money laundering review of NZ highlights the openness to abuse of trusts and company nominee director & shareholder arrangements
Trusts lawyer Tammy McLeod looks at what you need to consider when think your trust is no longer needed and you want to wind it up
20th Apr 21, 1:27pm
by Guest
2
Trusts lawyer Tammy McLeod looks at what you need to consider when think your trust is no longer needed and you want to wind it up
The Week in Tax. Cryptoassets under the spotlight; 10 years of compulsory zero rating for land transactions; and a warning for trustees moving to Australia
19th Apr 21, 11:41am
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The Week in Tax. Cryptoassets under the spotlight; 10 years of compulsory zero rating for land transactions; and a warning for trustees moving to Australia
Anthony Grant points out that if you are paid to advise on trusts, you must make sure the initial settlor is aware of the meaning and effect of the Trusts Act 2019. The risks of consequences have risen
29th Mar 21, 10:26am
by Guest
Anthony Grant points out that if you are paid to advise on trusts, you must make sure the initial settlor is aware of the meaning and effect of the Trusts Act 2019. The risks of consequences have risen
Trusts lawyer Tammy McLeod reviews the fishhooks trustees should know about as the new transparency provisions of the Trusts Act 2019 come into force
16th Mar 21, 9:47am
by Guest
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Trusts lawyer Tammy McLeod reviews the fishhooks trustees should know about as the new transparency provisions of the Trusts Act 2019 come into force
The Week in Tax - a new Covid-19 resurgence support payment, a Digital Services Tax for Facebook, and what to do ahead of the tax year end
21st Feb 21, 12:00pm
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The Week in Tax - a new Covid-19 resurgence support payment, a Digital Services Tax for Facebook, and what to do ahead of the tax year end
Bill Patterson says the tough new rules for trusts may require professional advisers to completely rethink the advice they give clients about trusts and trustees as taxpayer obligations shift sharply
18th Feb 21, 9:33am
by Guest
10
Bill Patterson says the tough new rules for trusts may require professional advisers to completely rethink the advice they give clients about trusts and trustees as taxpayer obligations shift sharply
Gareth Vaughan on the central bank propping up a share market, an obituary for a failed presidency, trusts slipping through the crackdown cracks, the buy now pay later bubble & Iran's struggles with bitcoin mining
24th Jan 21, 6:31am
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Gareth Vaughan on the central bank propping up a share market, an obituary for a failed presidency, trusts slipping through the crackdown cracks, the buy now pay later bubble & Iran's struggles with bitcoin mining
Anthony Grant points out that the new Trusts Act and its obligations will shine a new light on the common advice to make and update memoranda of wishes
18th Dec 20, 11:28am
by Guest
2
Anthony Grant points out that the new Trusts Act and its obligations will shine a new light on the common advice to make and update memoranda of wishes
Week in Tax Special; the implications of increasing the income tax rate to 39% - encouraging rearranged income strategies, compliance risks for Trusts, and unanticipated (?) consequences for one-off lump sums
4th Dec 20, 10:44am
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Week in Tax Special; the implications of increasing the income tax rate to 39% - encouraging rearranged income strategies, compliance risks for Trusts, and unanticipated (?) consequences for one-off lump sums
Anthony Grant points out that the law is inherently uncertain when contesting a will because there are no prevailing beliefs within New Zealand society as to the ‘right’ way assets should devolve on death
3rd Dec 20, 4:31pm
by Guest
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Anthony Grant points out that the law is inherently uncertain when contesting a will because there are no prevailing beliefs within New Zealand society as to the ‘right’ way assets should devolve on death
Inland Revenue raises 'significant' concerns over people using trusts to avoid the new 39% income tax rate; Suggests the trustee rate be hiked; Grant Robertson open to the idea
2nd Dec 20, 5:51pm
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Inland Revenue raises 'significant' concerns over people using trusts to avoid the new 39% income tax rate; Suggests the trustee rate be hiked; Grant Robertson open to the idea
Revenue Minister David Parker says the 33% tax rate on trusts could be hiked if high-income earners avoid the new 39% tax rate
1st Dec 20, 3:17pm
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Revenue Minister David Parker says the 33% tax rate on trusts could be hiked if high-income earners avoid the new 39% tax rate
The Week in Tax An expensive and too common GST mistake, reporting overseas income, and more on Labour’s higher income tax proposal
20th Sep 20, 9:29am
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The Week in Tax An expensive and too common GST mistake, reporting overseas income, and more on Labour’s higher income tax proposal
The Week in Tax: Inland Revenue’s sweet taste of victory over Frucor, updated Inland Revenue guidance on cryptoassets, and Labour's tax and small business policy
13th Sep 20, 1:52pm
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The Week in Tax: Inland Revenue’s sweet taste of victory over Frucor, updated Inland Revenue guidance on cryptoassets, and Labour's tax and small business policy
Brian Fallow argues nothing about Labour's tax policy indicates a willingness to deliver a tax system to tackle the triple challenge of the debt legacy of the pandemic, stunted productivity and shameful levels of child poverty
10th Sep 20, 10:22am
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Brian Fallow argues nothing about Labour's tax policy indicates a willingness to deliver a tax system to tackle the triple challenge of the debt legacy of the pandemic, stunted productivity and shameful levels of child poverty
The Week in Tax: taxing gold, the tax implications of meeting the Healthy Homes standards, and six months to get ready for the new Trusts Act
2nd Aug 20, 5:33pm
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The Week in Tax: taxing gold, the tax implications of meeting the Healthy Homes standards, and six months to get ready for the new Trusts Act
Anthony Grant sees the updated trust law ending a cavalier era that largely ignored legitimate beneficiary concerns and ignored trustee obligations. The standards of trust design and management will need to improve
19th Jul 20, 8:45am
by Guest
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Anthony Grant sees the updated trust law ending a cavalier era that largely ignored legitimate beneficiary concerns and ignored trustee obligations. The standards of trust design and management will need to improve